• Share Advantage Account
• Money Market
• Certificate Account
• Individual Retirement Account (IRA)
• Children & Young Adult Accounts
• Other Products and Services

Open An Account

Opening a Wauna Savings Account is simple and easy. Visit a Branch Just come in to your local branch to set up your new account. Open an Account Online Log into Online Banking to open any secondary savings account or Certificate Account. You must already have an initial savings account in order to open a secondary savings account.

Or call 800-773-3236 (toll-free) for more information.

Share Advantage Account
A Share Advantage Account can be opened with a $5 deposit. Dividends are earned on balances over $100, calculated on the average daily balance, paid quarterly. This is our basic savings account which establishes your membership at WFCU. Your WFCU $5 membership makes you eligible for all the services offered at WFCU.

There are no access restrictions to your WFCU Share account, which makes it an ideal tool to place funds into for your basic savings needs, for overdraft protection, and for availability in the case of an emergency.

Money Market Account
With a Wauna Money Market Account you earn the highest dividends possible and still have the ability to withdraw without penalty on withdrawals over $100. The tiered rate provides higher dividends for higher savings balances. Dividends are calculated on the daily balance and paid monthly.

You can use your Money Market account without making a trip to the credit union by writing up to three drafts monthly. There are also three (3) telephone transfers or three (3) pre-authorized transfers allowed a month and unlimited withdrawals over the counter for amounts of $100 or more without a penalty.

Certificate Accounts
Certificate Accounts are available to fit your personal financial needs. Minimum deposit requirements are low, making even small investments earn the highest possible dividends. Yet your investment and the dividends are guaranteed throughout the life of the term.

All funds on deposit at WFCU are insured up to $100,000 by the National Credit Union Share Insurance Fund (NCUSIF), an insurance fund backed by greater reserve strength than all other financial institutions in America. The NCUSIF is administered by an agency of the Federal Government. Because WFCU is member-owned, profits go to the members. Savings and investment accounts have a tendency to provide a higher yield than most other institutions.
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Individual Retirement Account (IRA)
Individual Retirement Accounts (IRAs) are instruments designed to save for retirement. Dividends are calculated on the daily balance and paid to the account quarterly.

No matter at what age you make IRA contributions, it is likely that you can receive valuable tax deductions each year. Even if you are unable to receive a tax deduction on your annual contribution, an IRA is still a great benefit to you because you are not taxed on the earnings until you withdraw the funds. This makes nondeductible IRAs preferable to some other types of investments.

IRA Certificate Accounts provide the highest dividend rate on your Individual Retirement Account by locking into a high yield IRA Certificate Account. IRA Certificates earn the same high rates as regular Certificate Accounts. The calculation of dividends vary depending on the terms and amount of investment.

TRADITIONAL IRAs are more attractive than ever! Expanded income limits mean more people will be able to deduct their contributions. The maximum contribution to a traditional IRA is $5,000 per individual per year. If you are over the age of 50, you can contribute up to $6,000.  This contribution can be to either a traditional IRA, Roth IRA or split between the two types of accounts. In addition, new penalty free withdrawals are allowed for qualified educational expenses and for the first-time home purchases.

The new ROTH IRA is here at Wauna Federal Credit Union! Contributions to a Roth IRA are not tax deductible; however, they can be withdrawn tax and penalty free. Withdrawals from a Roth IRA are tax and penalty free as long as the account has been open for at least five tax years and you are either over age 59 1/2, disabled, or buying a first home. Earnings grow tax free if the account is open for five tax years and withdrawn for a qualified reason. Unlike the Traditional IRA, which requires you to start withdrawing money at age 70 1/2, a Roth IRA has no such requirement. Your earnings grow tax-free, for as long as you like.

Whichever you choose, invest in a Credit Union IRA! You know your money is safe. All credit union IRA accounts are Federally Insured up to $250,000. Consult with your tax advisor for advice, then come and see us or phone the branch nearest you for more IRA Information.

The COVERDELL EDUCATION SAVINGS ACCOUNT allows parents and other interested persons to establish an Coverdell Education Savings Account for a child under the age of 18. Contributions to the account are not tax deductible, but the earnings will be tax-free if used for qualified higher education expenses. Contributions cannot exceed $2,000 per child per year. If parents, grandparents, and others have each set up an account for the same child, their combined contributions cannot exceed $2,000 per child per year. Withdrawals from an Coverdell Education Savings Account are tax and penalty free, provided the child's qualified higher education expenses equal the withdrawals from the Coverdell Education Savings Account for that year. Otherwise, any withdrawal of earnings from the account is taxable and a 10% penalty tax may apply. An Coverdell Education Savings Account can be a great savings vehicle! All credit union accounts are Federally Insured up to $100,000. Consult with your tax advisor for advice, then come and see us or phone the branch nearest you for more IRA Information.

Other Products and Services
Wauna Federal Credit Union is also pleased to offer these services as privileges of membership:

• FREE Automated Teller Machine (ATM) access at six locations
  
  

  - 101 Truhaak Street, Clatskanie
  - Westmart Grocery, Westport
  - 107 S Hwy 101, Warrenton
  - 100 Columbia Street, Astoria

  - 622 Bridge Street, Vernonia

  - 500 N Columbia River Hwy, St Helens
  

• American Express Travelers Cheques
• Amortization Charts
• Card Lamination
• Commercial Money Orders (Western Union)
• Fax Transmissions
• Foreign/International Drafts
• Notary Service (no fee)
• Money Orders
• Photocopies
• Safe Deposit Boxes
• Wires (Domestic & Foreign)
• Insurance Products
• Free Legal Consultations & Discounted Legal Services
• Costco Membership
• Discount Travel Program
• Mechanical Breakdown Insurance (similar to manufacture extended warranty)